Semester and Year

Fall 2025

Dept

Accounting

Course Number

316

Section Number

1

Course Catalog Description

The presentation of the traditional framework of financial accounting, including such topics as principles of revenue recognition and asset valuation; surveys the role of audits in market economies, including such topics as legal liability and materiality; contrasts the uses of financial and internal accounting, discussing such topics as the use of current cost information and the analysis of the overall value-chain. Prerequisite: ACC 212. Offered each fall.

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